Part 5/12:
The crisis is compounded by the fact that Nigeria's economy is heavily informal, with 63% of the population living in poverty and 33% unemployed. Only 45% of adults hold bank accounts, making the transition to a fully digital economy disproportionately difficult for the most vulnerable. Many people lack smartphones or the technological literacy needed to navigate digital wallets, rendering the CBDC inaccessible to large segments of the population.